Government Scheme :There is no risk in investing money in government schemes. Also, you get the benefit of tax exemption benefits and other things. Apart from this, the benefit of higher returns is also given. Here information is being given about 9 government schemes and their returns and other benefits. Let’s know which scheme can be better for you.
The government has kept the interest of all small savings schemes unchanged for the quarter ended June 30. According to the Ministry of Finance, there has been no change in the interest of schemes under Post Office, PPF, SCSS, Time Deposit, MIS, NSC, KVP, Women’s Savings Certificate and Sukanya Samriddhi Yojana for the quarter from April 1 to June 30, 2024.
How much interest in which scheme
PPF gets an annual interest of 7.1. In this, you can invest from Rs 500 to Rs 1.50 lakh. This scheme gives tax exemption. Senior Citizen Saving Scheme gives 8.2% interest and a maximum of Rs 30 lakh can be deposited in lump sum. Post Office Time Deposit gives 7.1% interest for 3 years and 7.5% interest for 5 years. 5-year time deposit comes under the purview of tax exemption, while there is no limit on investment in it.
Monthly Income Scheme gives you 7.4% return. You can invest up to Rs 9 lakh in it. NSC gives 7.7% compounding return. It comes under the purview of tax exemption. Kisan Vikas Patra gives 7.5% interest. Mahila Savings Certificate also gives 7.5% interest, this scheme is only for 2 years. Sukanya Samriddhi Yojana gives 8.2% interest.
These schemes will help you earn a lot of money
If you invest Rs 1.50 lakh every year in PPF scheme, then you can become a millionaire in 25 years at an interest rate of 7.1%.
SCSS is for senior citizens, in which you can invest a maximum of Rs 30 lakh and get a profit of lakhs of rupees at the rate of 8.2 percent.
Post Office Time Deposit is for 5 years, in which you can invest as much as you want. Tax benefits are also available in this.
By investing money once in Monthly Income Scheme, you can earn every month. Apart from this, you can also get a return of 7.4 percent annually.
Under NSC, you get a compounding return of 7.7 percent. You can also take tax exemption in this, so that you can earn well in five years.
There is no tax benefit in Kisan Vikas Patra, but you can invest as much as you want in it and earn an interest benefit of 7.5 percent annually.
For women, by investing two lakhs in Mahila Samman Saving Certificate in 2 years, a profit of thousands of rupees can be earned.
Under Sukanya Samriddhi Yojana, a large sum can be saved by investing at the time of the daughter’s birth till she turns 21.
